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Mar 14, 2013
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we know about tax policy. we need to have a pro-growth tax structure, not one that takes from some and gives to others. and last but not least, we believe in solving our debt problem, because it's hurting job creation. jobs are not being created in america. there are jobs that are not being created in this country because we have a $16.5 trillion debt and it's only scheduled to get bigger. that problem has to be solved and you can only solve it, the only real approach that solves it is the combination of fiscal discipline and rapid economic combrothe. there is no tax increase in the world that will solve our long-term debt problem. the second thing that our government can help us do is help ourselves by acquiring the skills of the 21st century and that's why i think every parent in america should have the opportunity to send their children to the school of their choice. by the way, we should encourage career education. not everyone has to go to a four-year liberal arts college. we still need plumbers. we still
we know about tax policy. we need to have a pro-growth tax structure, not one that takes from some and gives to others. and last but not least, we believe in solving our debt problem, because it's hurting job creation. jobs are not being created in america. there are jobs that are not being created in this country because we have a $16.5 trillion debt and it's only scheduled to get bigger. that problem has to be solved and you can only solve it, the only real approach that solves it is the...
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Mar 19, 2013
03/13
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haven't raised that tax in 20 years. so if we just indexed it to construction cost inflation, and indexed it to the economy, we could issue bonds, pay it off by that increment on the gas tax. it would be about a penny a year a gallon. i was driving to work one day they were changing the cards up there. they were raising it a nickel a gallon as i drove by. a penny a gallon. i think most americans would be willing to pay for that if they knew it was going to save 3.5 -- or create 3.5 million jobs and put this country back on track and get rid of some of the delays and congestion and detours and all the other problems we have. so let's pay attention to this scorecard. to this report card. if your kid came home with a card like this you'd do something about it. congress better do something about it. the speaker pro tempore: the chair recognizes the gentleman from texas, mr. poe, for five minutes. it was mr. speaker, june, 1950, when the north koreans decided they would invade their neighbors to the south, south korea. the wa
haven't raised that tax in 20 years. so if we just indexed it to construction cost inflation, and indexed it to the economy, we could issue bonds, pay it off by that increment on the gas tax. it would be about a penny a year a gallon. i was driving to work one day they were changing the cards up there. they were raising it a nickel a gallon as i drove by. a penny a gallon. i think most americans would be willing to pay for that if they knew it was going to save 3.5 -- or create 3.5 million jobs...
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Mar 13, 2013
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nks tax -- income tax credit, the child tax credit, all of these credits that lift millions of people out of poverty, if you actually oppose this amendment, then i assume you support continuing the big oil subsidies which amounts to $25 billion. i have to assume that you want to continue these loopholes, $125 billion in revenue that allow jobs to go offshore, that allow americans to lose their jobs. i assume that if you oppose this amendment you want to keep moving forward with these corporate jet tax loopholes, $3 billion. you know, this committee unfortunately seems like it's choosing to create more hunger and more poverty in america than protecting these unnecessary subsidies. to the most profitable in the world. again, we have to look at who this committee and who this budget really represents and i have to say, congresswoman moore, it's the 1%. the 99%, you know, deserve a share of american pride, they deserve the american dream and your amendment certainly preserves that for the most vulnerable. so thank you and i yield the balance of my time. >> i would like to know if dr. mcde
nks tax -- income tax credit, the child tax credit, all of these credits that lift millions of people out of poverty, if you actually oppose this amendment, then i assume you support continuing the big oil subsidies which amounts to $25 billion. i have to assume that you want to continue these loopholes, $125 billion in revenue that allow jobs to go offshore, that allow americans to lose their jobs. i assume that if you oppose this amendment you want to keep moving forward with these corporate...
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Mar 15, 2013
03/13
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in the tax code. ms. murray provides few details, however. the real tax increase is closer to $1.5 trillion, but because the budget owe mitts $480 billion in unspecified taxes to replace sequestration and $100 billion to offset the cost of new stimulus. new stimulus. spending, mr. speaker is the problem. the house budget puts us on a track to in the just a balanced budget within 10 years but paying back every penny of debt that we borrow from americans and the world. and the senate budget has yet to pass committee, remains to be seen if they pass it in the senate, but the proposal is to increase spending and increase taxes. we're not up here bickering about what -- how to name a post office, mr. speaker, or whether or not we ought to meet on tuesdays or thursdays or fridays. we're up here arguing about whether the future of the republic, whether opportunity for our children and grandchildren lies in a future where we have paid back all of your debts or lies in a future where you allow those debts to r
in the tax code. ms. murray provides few details, however. the real tax increase is closer to $1.5 trillion, but because the budget owe mitts $480 billion in unspecified taxes to replace sequestration and $100 billion to offset the cost of new stimulus. new stimulus. spending, mr. speaker is the problem. the house budget puts us on a track to in the just a balanced budget within 10 years but paying back every penny of debt that we borrow from americans and the world. and the senate budget has...
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Mar 21, 2013
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i think the tax issue has been resolved. at this point i do not know how we go forward, but i would suggest that out of this budget crisis might be this best opportunity. [indiscernible] there might be some there, but i will not risk the full faith and credit of the government. >> have you had conversations with the senate on the budget conference and talks between -- and you expect that to start when you get back? >> you will have to talk to chairman ryan about that. >> would you have any bottom line for that conversation? brian as he goes into -- ryan that as he goes into the conference he will hold a line on taxes? blem ve a spending pro that has to be addressed. the american people know we have a spending problem, and we have to attack that by cutting spending. the federal government will bring in more revenue in than any year in our history, and yet we will still have a trillion- dollar budget deficit. does not anybody realize there is a problem here? >> i understand you met with some of your senators and members on the
i think the tax issue has been resolved. at this point i do not know how we go forward, but i would suggest that out of this budget crisis might be this best opportunity. [indiscernible] there might be some there, but i will not risk the full faith and credit of the government. >> have you had conversations with the senate on the budget conference and talks between -- and you expect that to start when you get back? >> you will have to talk to chairman ryan about that. >> would...
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Mar 21, 2013
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on taxes, you stand for giving breaks to the rich. they didreign policy, not support the bush foreign policy, so the stoll that made that republican party dominant come all three issues are in democratic favre. until you deal with these problems, it does not matter until network -- it does not matter what network you have. conservatives and, smaller government, less intrusion, and with they will have to figure out how to mollify the social movement. >> i do not think anyone has suggested the only thing that republicans are waiting right now is doing any better data bases and do we need more storefront offices. i was responding to a question directly about that. there is a lot of discussion going on right now about positioning, policies, looking for some of integrating new program pauses, how do we explain our policies better. i do not accept the premise that there is no doubt when you look at the gay marriage issue, that is very generational, it moved faster than any social issue i have ever seen. on the flip side, the pro-life argume
on taxes, you stand for giving breaks to the rich. they didreign policy, not support the bush foreign policy, so the stoll that made that republican party dominant come all three issues are in democratic favre. until you deal with these problems, it does not matter until network -- it does not matter what network you have. conservatives and, smaller government, less intrusion, and with they will have to figure out how to mollify the social movement. >> i do not think anyone has suggested...
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Mar 14, 2013
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instead of providing targeted tax cuts to working class families, the republican budget increases tax breaks for the wealthiest in the country at the expense of middle income taxpayers who will pay an average of $2,000 per family. instead of solidifying the safety net for our seniors, the republican budget guts it by trading medicare into a voucher program and instead of healing our still fragile housing market, the republican budget refuses to protect the mortgage interest deductions that our middle class families depend upon. what we should be doing is working together to put the american dream back within the reach for our middle class. i yield back. the speaker pro tempore: the gentlewoman yields back. for what purpose does the gentleman from kansas rise? >> unanimous consent to address the house for one minute. revise and extend my remarks. the speaker pro tempore: without objection, the gentleman is recognized for one minute. >> mr. speaker, i have made it a priority since day one to support pro-growth, pro-job legislation that encourages entrepreneurship and sports innovation.
instead of providing targeted tax cuts to working class families, the republican budget increases tax breaks for the wealthiest in the country at the expense of middle income taxpayers who will pay an average of $2,000 per family. instead of solidifying the safety net for our seniors, the republican budget guts it by trading medicare into a voucher program and instead of healing our still fragile housing market, the republican budget refuses to protect the mortgage interest deductions that our...
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Mar 18, 2013
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, property taxes. we have a hypocrisy in our nation where, on the one hand, undocumented immigrants might be here unlawfully, but the i.r.s. says if you're here and working, you actually have to pay taxes, and here is an individual tax i.d. number by which you are required to pay taxes. overall, the studies do show there's a net benefit. host: we talked about the senate proposal that's being worked on. who are the leaders on that? guest: on the democratic side, it is senator durbin, schumer, menendez. and on the republican side, it's senator mccain, senator graham, and senator rubio. host: the house health group is also working on a separate proposal. here's a story from "the washington post" about that. give us until insight into what we have heard about that proposal. guest: it is very promising that, again, on the house side there has been bipartisan conversation. most of the members of this group have been meeting the last four years in secret. only the last month and a half or two that it has beco
, property taxes. we have a hypocrisy in our nation where, on the one hand, undocumented immigrants might be here unlawfully, but the i.r.s. says if you're here and working, you actually have to pay taxes, and here is an individual tax i.d. number by which you are required to pay taxes. overall, the studies do show there's a net benefit. host: we talked about the senate proposal that's being worked on. who are the leaders on that? guest: on the democratic side, it is senator durbin, schumer,...
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Mar 21, 2013
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she has to take her after-tax income, which is much reduced because she first has to pay taxes on that income, and then she has to go out and buy health insurance without any government subsidy in the market. well, isn't this interesting. government tells her what policy she has to get. the cheapest policy under the bronze plan, under the subsidies is $20,000 a year. so where, tell me, mr. speaker, and i should ask the novet united states who came up with this brilliant idea, where, mr. speaker are poor women supposed to go to buy health insurance they can afford? not in the obamacare regime. where is she supposed to go when her very sick child has lost his health insurance from the employer that his daddy provided for him because his daddy had a job. his daddy had health insurance. that young child had health insurance, was very sick with a disease, he was very sick. insurance, t on his daddy had a job, his a daddy has insurance. now under obamacare, they may not give him insurance. this is devastating for moms across america if children across america, for senior citizens across amer
she has to take her after-tax income, which is much reduced because she first has to pay taxes on that income, and then she has to go out and buy health insurance without any government subsidy in the market. well, isn't this interesting. government tells her what policy she has to get. the cheapest policy under the bronze plan, under the subsidies is $20,000 a year. so where, tell me, mr. speaker, and i should ask the novet united states who came up with this brilliant idea, where, mr. speaker...
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Mar 15, 2013
03/13
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no amount of taxes can prop us up, even with chris minow promised tax hikes the deficit will be nearly trillion dollars in 2023. the answer is very clear. we have to fix entitlements and grow the economy. our budget takes the steps but also confronts a better challenge. our debt is a sign of overreach. it's a sign the federal government is doing too much. when government estimates, it doesn't do anything well. we need to make this point more often. we don't see the debt as an excuse to cut, to shirk obligations. we see it as an opportunity to reform government, to make it leaner and more effective. that's what conservatives stand for. that's who we are. [applause] a balanced budget is a reasonable goal because the returns government to proper limits and focus. the government overreaches, it doesn't just her paychecks. it hurts our quality of life. we need to make room for communities, for the vast middle ground between the government and individual. we need to remember that people don't find happiness in grim isolation or by government fiat. they find it through friendship, true for a
no amount of taxes can prop us up, even with chris minow promised tax hikes the deficit will be nearly trillion dollars in 2023. the answer is very clear. we have to fix entitlements and grow the economy. our budget takes the steps but also confronts a better challenge. our debt is a sign of overreach. it's a sign the federal government is doing too much. when government estimates, it doesn't do anything well. we need to make this point more often. we don't see the debt as an excuse to cut, to...
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Mar 19, 2013
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they achieve that balance by not raising taxes, while not raising taxes. i think that's very important, too. we certainly aren't undertaxed in this country. my friends on the other side clearly believe that we are. they are going to offer multiple tax increases in all their budgets. i like the budget that does not require tax increases. finally, both these budgets, the republican study committee budget and the republican budget, come to grips with the reality that we have to -- reform entitlements. we have our own way of doing that, but there could be others. unfortunately our friends on the other side are largely silent about that important choice. as my friend, mr. woodall, mentioned in his remarks, the ryan budget, is hardly a radical budget. it's going to increase spending every single year over a 10-year wind heo by about 3.5%. the main democratic alternative is about 5%. can't we live at 3.5% and have a balanced budget in 10 years as opposed to go to five with higher taxes and not balance the budget within that 10-year window? again i'm proud of my d
they achieve that balance by not raising taxes, while not raising taxes. i think that's very important, too. we certainly aren't undertaxed in this country. my friends on the other side clearly believe that we are. they are going to offer multiple tax increases in all their budgets. i like the budget that does not require tax increases. finally, both these budgets, the republican study committee budget and the republican budget, come to grips with the reality that we have to -- reform...
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Mar 13, 2013
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simple math shows that this budget will finance large tax cuts for the wealthiest by raising the tax burden on middle class taxpayers. the budget calls for dropping the top tax rate from 39% to 25% , cutting the rate for millionaires by more than 1/3 while holding all other revenues constant. just last fall the nonpartisan tax policy center did an analysis of a far more modest plan put forward by governor romney to reduce the top tax rate from 35% to 28%. and they showed it would inevitably raise the income tax burden on individuals making under $200,000 a year. this budget proposal which provides even bigger tax cuts to millionaires will raise the tax burden on middle income families by an average of $2,000. at the same time, same time it does not close one single special interest tax loophole for the purpose of reducing the deficit. not one dime from ending special breaks for corporate jets, big oil companies, or hedge fund managers to help us reduce the deficit. while providing this windfall to the very healthy, this proposal guts vital investments that are essential to shared pro
simple math shows that this budget will finance large tax cuts for the wealthiest by raising the tax burden on middle class taxpayers. the budget calls for dropping the top tax rate from 39% to 25% , cutting the rate for millionaires by more than 1/3 while holding all other revenues constant. just last fall the nonpartisan tax policy center did an analysis of a far more modest plan put forward by governor romney to reduce the top tax rate from 35% to 28%. and they showed it would inevitably...
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Mar 19, 2013
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and taxes. it will structure our system for economic growth. we will stop hemorrhaging jobs overseas and bring american jobs back to these shores. it's one thing if we lose jobs because of low wages overseas. we don't ever want to compete in that arena. it's another if we lose jobs because our government is inefficient, bloated and expensive. and finally, it protects our most vulnerable. it protects our young people. you know, i agree with then senator obama when he said it was immoral to continue to incur these massive debts. of course, when he said it, since he said it, our debt is multiples of what he was decrying at that time. we are piling mountains and mountains of debt on our children and our grandchildren to fuel our addiction to spending and it's got to stop and it's got to stop now. i'm proud to stand for this republican budget and i urge its passage. i give back the rest of my time. the chair: the gentleman yields back the balance of his time. the gentleman from maryland. mr. van holl
and taxes. it will structure our system for economic growth. we will stop hemorrhaging jobs overseas and bring american jobs back to these shores. it's one thing if we lose jobs because of low wages overseas. we don't ever want to compete in that arena. it's another if we lose jobs because our government is inefficient, bloated and expensive. and finally, it protects our most vulnerable. it protects our young people. you know, i agree with then senator obama when he said it was immoral to...
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Mar 20, 2013
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instead of raising taxes the house republican plan includes pro-growth, comprehensive tax reform, tax reform is critical to increasing u.s. competitiveness abroad as well as attracting business here at home. it will close loopholes and special interest deductions and credits for personal and corporate income taxes and lower the rates for everyone. i am pleased house republicans are the only people in this town with the courage to balance the budget. it's time to return the economy to an engine of growth and job creation and increased opportunities for all hardworking americans. this is what the house republican budget will achieve and this is what americans deserve. i yield back. the chair: the gentlelady yields back the balance of her time. the gentleman from maryland. mr. van hollen: thank you, mr. chairman. the way to save medicare is to bring down costs overall in the health care system, not give seniors a voucher that puts all the risk on the senior which is what the republican approach does. i now yield one minute to the gentleman from california, the distinguished ranking membe
instead of raising taxes the house republican plan includes pro-growth, comprehensive tax reform, tax reform is critical to increasing u.s. competitiveness abroad as well as attracting business here at home. it will close loopholes and special interest deductions and credits for personal and corporate income taxes and lower the rates for everyone. i am pleased house republicans are the only people in this town with the courage to balance the budget. it's time to return the economy to an engine...
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Mar 20, 2013
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it said as part of tax reform don't raise taxes on middle income people to finance your tax breaks for folks at the very top. every republican voted no. so, yes, this plan that the gentleman has brought forward today, apparently under sort of a mock bipartisanship, will reduce the deficit in a balanced way. calls for a shared responsibility. and certainly does not give folks at the very top a tax break financed by middle income taxpayers like the republican proposal does. i reserve the balance of my time. the chair: the gentleman reserves the balance of his time. the gentleman from south carolina. mr. mulvaney: i'd like to yield two minutes to the gentleman from california, mr. campbell. the chair: the gentleman from california is recognized for two minutes. mr. campbell: thank you. i thank the gentleman from south carolina. thank you, mr. chairman. sometimes, mr. chairman, you live in a neighborhood, you look down the street, and there is a neighbor there. and they got new cars and they are remodeling the kitchen and they take a lot of expensive vacations. you look down the street and
it said as part of tax reform don't raise taxes on middle income people to finance your tax breaks for folks at the very top. every republican voted no. so, yes, this plan that the gentleman has brought forward today, apparently under sort of a mock bipartisanship, will reduce the deficit in a balanced way. calls for a shared responsibility. and certainly does not give folks at the very top a tax break financed by middle income taxpayers like the republican proposal does. i reserve the balance...
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Mar 13, 2013
03/13
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just like we do for the earned income tax credit. congress, nonpartisan tax score keeper, the joint committee on taxation, has found that my bill would save taxpayers an estimated $24.4 billion over the next 10 years. with the dire need to get our fiscal house in order, this simple, commonsense fix can go a long way toward protecting precious taxpayer dollars by stamping out waste, fraud and abuse. it's time to get this done. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentlelady from massachusetts rise? >> to address the house for one minute. the speaker pro tempore: without objection, the gentlelady is recognized for one minute. >> i understand well the challenges of budgeting for our nation's future. ms. tsongas: the legislation introduced by the republicans this week fails to protect the middle class and laying the groundwork for strong economic growth. as it has for the last two years, the ryan budget once again makes deep cuts to medicare as it also repeals a host of federal measures mak
just like we do for the earned income tax credit. congress, nonpartisan tax score keeper, the joint committee on taxation, has found that my bill would save taxpayers an estimated $24.4 billion over the next 10 years. with the dire need to get our fiscal house in order, this simple, commonsense fix can go a long way toward protecting precious taxpayer dollars by stamping out waste, fraud and abuse. it's time to get this done. the speaker pro tempore: the gentleman's time has expired. for what...
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Mar 18, 2013
03/13
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we propose reforming the tax code. we propose ending special tax breaks and closing tax loopholes like the mortgage deduction for vacation homes and yachts, eliminating the deduction for derivative traders and eliminating incentives for sending american jobs overseas. we propose taxing capital gains and dividends as ordinary income, raising about $900 billion over 10 years. these changes, mr. speaker, would generate much-needed revenue. the country has begun to recover. we see it every day in the news and we're moving in the right direction. we are beginning to recover from near financial ruin. but our recovery is fragile and desperately needs a shot in the arm to accelerate our economic recovery. instead the republican-controlled house voted -- thought it best to poison the economy and throw away the antidote. according to leading economists, once sequestration is full yimplemented, america is going -- -- fully implemented, americans are going to lose $2.-- 2.14 million jobs. those are two million jobs that exist now
we propose reforming the tax code. we propose ending special tax breaks and closing tax loopholes like the mortgage deduction for vacation homes and yachts, eliminating the deduction for derivative traders and eliminating incentives for sending american jobs overseas. we propose taxing capital gains and dividends as ordinary income, raising about $900 billion over 10 years. these changes, mr. speaker, would generate much-needed revenue. the country has begun to recover. we see it every day in...